Last week’s economic news was fairly quiet due to the Memorial Day holiday on Monday and no scheduled news released on Wednesday.
What’s Ahead For Mortgage Rates This Week – June 2, 2014
Tag: FHFA
What’s Ahead For Mortgage Rates This Week – April 21, 2014
Last week’s economic news supported the general outlook for moderate economic growth. Housing related news included the National Association of Home Builders / Wells Fargo Housing Market Index for April and Housing Starts for March.
Case-Shiller Index Posts 4% Annual Home Price Gain
The Case-Shiller Index showed home prices gaining 4.3 percent during the 12-month period ending October 2012.
Home Price Index Shows Values Rising 3.7% From One Year Ago
Home values have not dropped month-to-month since January of this year — a span of 6 months.
Coming Next Week : New, Mandatory Loan Fees For All Conforming Mortgages
Beginning as soon as next week, new, mandatory mortgage fees will push conforming mortgage rates higher nationwide.
Government : Home Prices Up 3.0% In Last 12 Months Nationwide
According to the Federal Home Finance Agency’s Home Price Index, home prices rose by a seasonally-adjusted 0.7 percent between May and June 2012. The index is now up 3.0% over the past 12 months, and made its biggest quarterly gain since 2005 last quarter.
Case-Shiller Index Shows Home Values Rising Nationwide
All 20 Case-Shiller Index markets improved between April and May 2012.
Home Values Rise 0.8% In May 2012
The housing market’s bottom is 9 months behind us. Home values continue to climb nationwide.
FHFA : Home Values Up 3% Since Last Year
The Federal Home Finance Agency’s Home Price Index shows home values up 0.8% in April on a monthly, seasonally-adjusted basis.
Nationally, Home Prices Off 18.3 Percent From April 2007 Peak
The government confirms what the private-sector Case-Shiller Index reported yesterday. Nationwide, average home values slipped in October.